Arbital was founded by Karon Pangestu, Steven Mulyawan, Vincent Owen Toniwan in 2025.

Who are Arbital's investors?

Arbital's investors include Y Combinator, Blast.Club, Progressive Ventures, Singularity Ventures.

Where is Arbital headquartered?

Arbital is headquartered in San Francisco, US.

Arbital

YC S26

San Francisco, US · Founded 2025 · 3 employees · 4 known investors

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Arbital is a decentralized market making engine for perpetual DEXes, letting users deploy automated maker-only liquidity strategies that generate volume, manage inventory risk, and participate in exchange incentive programs. It provides a configurable trade engine, multi-DEX coverage, fee-aware execution, and risk management controls for crypto traders and market makers.

AI & Machine Learning Crypto & Web3 Fintech Artificial Intelligence Crypto / Web3 Investing TradingUnited States of AmericaAmerica / Canada

Founders & leadership· Y Combinator alumni (S26)

Arbital was founded in 2025 by Karon Pangestu, Steven Mulyawan, and Vincent Owen Toniwan.

Karon Pangestu FounderCo-founder of Arbital, a decentralized market making engine for perpetual DEXes. Previously head of growth and the first non-engineering hire at the exchange Aevo, where he led growth, marketing, and product, and earlier co-founded the crypto media platform Launchy; he holds a BA in Mathematics and Statistics from LSE.

Steven Mulyawan Co-FounderCo-founder of Arbital, a decentralized market making engine for perpetual DEXes. Previously led business development and partnerships across Asia at Aevo, where he onboarded over 10,000 traders during the platform's growth in cumulative volume.

Vincent Owen Toniwan Co-FounderCo-founder of Arbital, a decentralized market-making engine for perpetual DEXes. He previously built and ran the backend and market-making infrastructure at Aevo, developed the high-leverage Aevo Degen exchange, and earlier led backend engineering at N1 (terminal.trade) and MEV infrastructure at Bitwyre.

Investors · 4

Y Combinatorlisted by Y CombinatorSan Francisco · $500K

How we know: the Y Combinator directory · open dataset · 5k.vc investor directory · Not right? Tell us

Blast.Clubreported$5.5M

How we know: Y Combinator's founder network · Not right? Tell us

Progressive VenturesreportedPalo Alto

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Singularity Venturesreported

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Related companies · 5

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Prodigy ResearchProdigy Research is an AI research lab building a foundation model for quantitative trading, and operates live trading systems in financial markets. It targets the trading and financial-reasoning domain, applying proprietary AI models and agents to equities and delta-neutral strategies.

AxiomAxiom is a decentralized finance platform where users can trade memecoins and perpetual contracts while generating yield on their holdings.

CoinruleCoinrule provides automated cryptocurrency trading bots that execute buy and sell strategies on crypto exchanges without requiring coding. Users can create custom trading strategies or use pre-built rules, and run demo trades to test performance.

Companies working in the same space as Arbital.

Legal entities · 1

corporate structure

ARBITAL PTE. LTD.

In the news

Arbital - Trade memes, stocks, and perps from one placeycombinator.com · Aug 2026

Frequently asked questions

What does Arbital do?: Arbital is a decentralized market making engine for perpetual DEXes, letting users deploy automated maker-only liquidity strategies that generate volume, manage inventory risk, and participate in exchange incentive programs. It provides a configurable trade engine, multi-DEX coverage, fee-aware execution, and risk management controls for crypto traders and market makers.
Who founded Arbital?: Arbital was founded by Karon Pangestu, Steven Mulyawan, Vincent Owen Toniwan in 2025.
Who are Arbital's investors?: Arbital's investors include Y Combinator, Blast.Club, Progressive Ventures, Singularity Ventures.
Where is Arbital headquartered?: Arbital is headquartered in San Francisco, US.